Minimum Debt Service Coverage Ratio Clause Samples
The Minimum Debt Service Coverage Ratio clause sets a required threshold for the ratio of a borrower's net operating income to its debt service obligations. In practice, this means the borrower must maintain a certain level of income relative to the amount needed to cover loan payments, often measured on a periodic basis such as quarterly or annually. This clause ensures that the borrower remains financially stable and capable of meeting debt payments, thereby protecting the lender from increased risk of default.
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Minimum Debt Service Coverage Ratio. Commencing September 30, 2025, and as of the last day of each calendar quarter thereafter, the Borrowers will not permit the Debt Service Coverage Ratio to be less than 1.25 to 1.00.
Minimum Debt Service Coverage Ratio. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.60 to 1.00.
Minimum Debt Service Coverage Ratio. The Debt Service Coverage Ratio shall not be less than 1.50 to 1.0.
Minimum Debt Service Coverage Ratio. Pursuant to Section 6.2(a) of the Credit Agreement, as of the Reporting Date, the Companies’ Debt Service Coverage Ratio was to 1.00 which o satisfies o does not satisfy the requirement that such ratio be no less than to 1.00 on the Reporting Date as set forth in table below:
Minimum Debt Service Coverage Ratio. The Borrower will maintain, as of each year end, a Debt Service Coverage Ratio of not less than 1.1 to 1.0., during each fiscal year ending described below:
Minimum Debt Service Coverage Ratio. To maintain as of the end of each fiscal quarter based on the combined financial results as reported on SEC Form 10-Q or 10-K, as applicable, of each entity comprising Borrower, a Debt Service Coverage Ratio of not less than 3.00 to 1.00 on a rolling four quarter basis.
Minimum Debt Service Coverage Ratio. The Loan Parties shall not permit the Debt Service Coverage ratio as of the last day of any fiscal quarter to be less than 2.00 to 1.00.
Minimum Debt Service Coverage Ratio. Permit the Debt Service Coverage Ratio of the Borrower to be less than:
(1) 75 to 1 at the end of the fiscal quarter ending January 31, 2001 (2) 1.00 to 1 at the end of the fiscal quarter ending April 30, 2001 (3) 1.20 to 1 at the end of each fiscal quarter thereafter.
Minimum Debt Service Coverage Ratio. As of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, the ratio of Combined EBITDA to Combined Debt Service shall not be less than 1.50 to 1.00.
Minimum Debt Service Coverage Ratio. The Borrower will maintain its Debt Service Coverage Ratio, determined on a consolidated basis as at the end of each fiscal quarter on a rolling four quarter basis, at not less than 1.75 to 1.00."